OCC. The organization that handles clearing of the options trades for the various options exchanges and regulates the listing of new options. It is regulated by the Securities and Exchange Commission, and is owned jointly by the U.S. stock exchanges that trade options (American Stock Exchange, Chicago Board Options Exchange, Pacific Exchange, and Philadelphia Stock Exchange). The fact that all listed options are cleared through OCC means that all options are free of default risk, since the OCC guarantees all option contracts. Therefore, the buyer or a seller of an option only faces the credit risk of the OCC (which is minimal), not the credit risk of the counterparty. In order to manage risk, the OCC imposes margin requirements on all options brokers. The margin requirement depends on the particulars of each specific contract.
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- The Options Clearing Corporation (OCC)
OCC is the world's largest equity derivatives clearing organization.
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An organization that acts as both the issuer and guarantor for option and futures contracts. The Options Clearing Corporation operates under the jurisdiction of ...
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Definition of Options Clearing Corporation: OCC. The organization that handles clearing of the options trades for the various options exchanges and regulates ...
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Financial statements of OCC and certain additional information required to be ... inspected at the offices of OCC or obtained from OCC, from the Securities and ...
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